The scale of the project will require US$35 billion with the first phase costing US$6 billion representing a landmark agreement for Genoil.
The recently drilled Mira 6 horizontal well, which ran inside the Castor coal seam for approximately 920 m and intersected the Mira 2 well at about the mid-point, came on-line and is producing water as planned.
Production from the Peshkabir field in the Tawke licence in the Kurdistan Region of Iraq has tripled to 15 000 bpd following completion of the Peshkabir-3 well testing, stimulation and clean-up programme.
The new GSPAs will bring total contracted volumes from the Karish and Tanin development project to more than 4 BCM per year, surpassing the Company’s initial targeted sales volumes and creating significant additional value.
Touchstone Exploration Inc., has announced that it intends to complete a private placement directed towards United Kingdom institutional investors.
The operator has advised that the SM 71 F2 well had spudded and as at 9.45 pm on 3 December USA Central Standard Time current operations are drilling ahead at 564 ft (172 m) MD.
The Nord Stream gas pipeline has transmitted its 200 billionth cubic meter of gas from Russia to Germany via the Greifswald delivery point.
The Iris/Hades (Aerosmith) well is located in the Halten Terrace, some 200 km offshore in the Norwegian Sea and adjacent to the producing Morvin and Aasgard fields.
Lundin Norway AS, operator of production licence 533, is in the process of completing the drilling of wildcat wells 7219/12-2 S and 7219/12-2 A.
Cabot Energy has provided the following update on the company's production and announces the appointment of a new Executive Director to the board.
The well is anticipated to take 20 - 25 days to drill and complete. If successful the well is anticipated to be completed, flow tested and connected to the existing infrastructure.
The total amount of the operation is US$ 54.5 million and will be paid on the closing date of the deal.
Transocean Norway Operations AS with the drilling rig Transocean Arctic is awarded the contract to drill production wells at the Dvalin field in the Norwegian Sea.
Bob Ruddiman, Head of Oil and Gas at legal firm Pinsent Masons, welcomed Chancellor Philip Hammond’s Budget concessions on Transferable Tax Histories for North Sea oil and gas operators.
Po Valley Energy Limited (PVE), the Australian ASX listed natural gas company, has announced that it has spudded the Podere Maiar 1 dir well in the former Selva gas field on Tuesday 21 November.